Crypto Exchange BTSE Launches Bitcoin Dominance Futures Derivative – BlockTribune

Crypto Exchange BTSE Launches Bitcoin Dominance Futures Derivative

Announcements, News | July 21, 2020 br>
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BTSE, a British Virgin Islands-based crypto exchange, has launched a new derivative where investors can take a position on bitcoin’s overall share of the market and settle in a variety of currencies.

BTSE is a financial technology company that utilizes bitcoin and cryptocurrency technologies to develop solutions that empower users to take control of their financial freedom. As part of a suite of financial services designed to introduce innovative digital assets to the traditional finance landscape, BTSE’s developments include spot and derivatives trading, OTC, and lending services.

BTSE said that its new Bitcoin Dominance Futures derivative will allow investors to bet on bitcoin’s overall market cap dominance compared to other coins on the market. Using BTSE’s All-In-One-Order Book, users have greater flexibility to decide which margin they’d like to place their trade in, as well as the currency they’d like to settle in. According to the company, this is advantageous as traders can avoid price slippage if bitcoin is in decline, and users are not required to convert assets and pay unnecessary transaction and conversion fees at the end of trade. Traders will be able to post margin and settle their profits in any combination of fiat currencies, including USD, EUR, HKD, and cryptocurrencies, including BTC, ETH, Tether, or USDC.

“BTSE’s Bitcoin Dominance Futures with multi-asset capability is a part of our mission to strengthen the bridge between trading traditional fiat and cryptocurrencies. BTSE also offers the most liquid futures on the market for this tool, allowing our users to access higher volume and product variety,” saids Jonathan Leong, CEO of BTSE.

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